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Fly News Breaks for December 10, 2018
SWK
Dec 10, 2018 | 17:14 EDT
Buckingham analyst Robert Barry initiated Stanley Black & Decker with a Neutral rating and $131 price target. Barry continues to be impressed with Stanley Black & Decker's "strong innovation pipeline, the highlight of which in 2018/'19 is likely a new Craftsman tools line-up, which comes on the heels of the highly successful FlexVolt cordless tools roll-out in 2016/'17," but he does not see clear material upside to Street estimates and/or current multiples.
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